Binance founder Changpeng Zhao explained in a tweet: An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange. Some of our users, unaware of the large amounts of…
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Mark Jones, co-head of Macro, Wells Fargo Corporate & Investment Bank, said: We are pleased to announce that we will be utilizing blockchain technology for the first time in the settlement process of cross-border payments. We are extremely excited to be collaborating with HSBC on a project which places both organizations at the forefront of…
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The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…
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Saman Michael Far, VP, Financial Services Technology, Amazon Web Services, added: We are excited to support Broadridge’s Private Market Hub, which accelerates the digitization of a critical part of the financial services infrastructure. Private Market Hub’s use of Amazon Managed Blockchain, a fully managed blockchain service, allows us to help Broadridge scale efficiently and more…
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The official announcement stated: In many ways, this collaboration started with the Scaling Bake-Off that we hosted in this community with the Ethereum Foundation. In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production. Our intention is to help accelerate the progress being made on scaling and…
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Peter Hubli, Head Digital Asset Solutions at ZKB, commented: With FundsDLT we convinced ourselves of the potential for the entire value chain in the fund business, including the improvement of customer experience, efficiency in the settlement process and the reduction of costs. The proof of value allowed us to have a sneak peek into the…
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The lending giant has proposed to make to make all non-cash Rubles digital, developing its own model for the issuance and circulation of the digital Ruble. The country’s Central Bank had proposed a draft on the issuance of digital Rubles, considering it a third form of money. However, Sberbbank’s proposal differs from the Central Bank’s…
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Where is blockchain used? Blockchain is still primarily used for powering cryptocurrencies, such as Bitcoin. The blockchain is a ledger, or log, of every Bitcoin or other crypto transaction ever made and users on the network collaborate to verify new transactions when they occur - an enterprise known as "Bitcoin mining". It has long been…
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Global equities hit a record high on Wednesday as the recovery seen since the collapse in February continues apace. The FTSE All World index climbed 0.9% to 384.9 points, ahead of a high set in February, as technology giants which have propelled US markets higher now lift the global index to a new peak. Huobi…
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Li explained that in this background Huobi was launched in September 2013. He commented: The most powerful push of the industry is that people realize how profitable it is to invest in Bitcoin. It was on November 19, 2013, I could never forget, I was sitting in front of my laptop and realized that Bitcoin…
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